Brookfield Wealth Solutions (NYSE:BNT) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Brookfield Wealth Solutions Ltd. (NYSE:BNT) crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $42.76 and traded as high as $43.31. Brookfield Wealth Solutions shares last traded at $42.9730, with a volume of 17,640 shares trading hands.

Analyst Ratings Changes

Several analysts have recently commented on BNT shares. Weiss Ratings downgraded Brookfield Wealth Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, September 8th. Wall Street Zen upgraded Brookfield Wealth Solutions from a “sell” rating to a “hold” rating in a report on Saturday, August 29th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat, Brookfield Wealth Solutions currently has an average rating of “Hold”.

Brookfield Wealth Solutions Stock Up 4.0%

The company has a market cap of $14.53 billion, a PE ratio of 165.29 and a beta of 1.45. The stock has a 50-day moving average of $38.23 and a 200-day moving average of $42.76. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.39.

Brookfield Wealth Solutions (NYSE:BNT) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.07 earnings per share for the quarter. Brookfield Wealth Solutions had a return on equity of 0.10% and a net margin of 0.15%. During the same period in the previous year, the company posted $0.06 EPS.

Brookfield Wealth Solutions Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, September 29th. Shareholders of record on Monday, September 14th were given a dividend of $0.07 per share. The ex-dividend date was Monday, September 14th. Brookfield Wealth Solutions’s payout ratio is presently 107.69%.

Hedge Funds Weigh In On Brookfield Wealth Solutions

A number of institutional investors have recently made changes to their positions in the stock. Allworth Financial LP lifted its holdings in shares of Brookfield Wealth Solutions by 98.6% during the 3rd quarter. Allworth Financial LP now owns 862 shares of the company’s stock worth $31,000 after acquiring an additional 428 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Brookfield Wealth Solutions by 203.3% in the first quarter. EverSource Wealth Advisors LLC now owns 837 shares of the company’s stock worth $35,000 after acquiring an additional 561 shares in the last quarter. TD Waterhouse Canada Inc. increased its stake in Brookfield Wealth Solutions by 30.1% in the third quarter. TD Waterhouse Canada Inc. now owns 2,691 shares of the company’s stock valued at $97,000 after acquiring an additional 622 shares during the last quarter. Waverly Advisors LLC bought a new position in Brookfield Wealth Solutions in the second quarter valued at $202,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Brookfield Wealth Solutions during the second quarter valued at about $362,000. Institutional investors own 20.31% of the company’s stock.

About Brookfield Wealth Solutions

Brookfield Wealth Solutions Ltd. provides insurance and retirement services, including annuities, life insurance and solutions that help organizations manage long-term pension obligations. Its business focuses on protecting policyholders and supporting retirement income needs.

The company operates primarily in North America and serves individuals, businesses and institutional clients. Its offerings include retirement savings and income products distributed through financial professionals and other channels.

Brookfield Wealth Solutions was formerly known as Brookfield Reinsurance Ltd.